Articles of Interest

Hedge funds’ bullish bets on commodities at 6-week high

The net long money held by hedge funds and other big speculators in commodities is back to a six-week high, moving on from April’s market tumble, as traders piled into oil and oversold crops like coffee, cocoa and corn, trade data showed on Friday. But hedge funds are not bullish on all commodities, sharply paring ... Read More

Brent crude net-long position rises 14% as sold positions are cut

For the third consecutive week, hedge funds raised their net-long position in Brent crude during the week ending May 7. The increase was almost exclusively driven by the reduction of gross shorts as the 100 USD/barrel area lends support

Reductions in gold ETP holdings picked up speed last week

Total holdings of gold in Exchange Traded Products fell by 34.3 tonnes last week. This was the 13th week in a row that investors pulled investments and the total holding of 2,227.8 tonnes is now at its lowest level since July 2011.

CFTC: Commodity net longs rise, primarily driven by agriculture.

Hedge funds were net buyers across the agriculture sector, while both metals and energy saw small reductions during the week ending May 7. The dollar spike a couple of days later would most likely have triggered some additional reductions.

Trade Idea UPDATE: Sell Gold in front of Fibonacci resistance

Sellers took control late last night and the medium-term support (and our first target at 1,440 USD/oz) has recently been taken out. Prices have now traded to our second target of 1,425 USD/oz.

Trade Idea: Stop to sell Silver – new lows in the making

The overall trend in Silver is undisputedly down and the recent consolidation and pause in the overall negative trend has been long enough for prices to be ready for a continuation lower.

Commodity investors withdrew a record $9.3 bln last month

Investors withdrew a record $9.3 billion from commodity exchange-traded products as gold sales pushed the metal into a bear market, BlackRock Inc (BLK) said. The outflow for commodities in April pushed the total for the first four months this year to $17.8 billion, compared with inflows of $6 billion for the same period last year, ... Read More

Commodity ETPs suffer record outflows in April-BlackRock

Commodity-based exchange traded products (ETPs) suffered record outflows of $9.3 billion in April, data showed on Thursday, as institutional investors dumped gold holdings. Leading wealth managers have been switching out of commodities since the start of the year in favour of equities and bonds as they look for yield, a trend which accelerated in April ... Read More

Commodity funds: Don’t bother

When fund providers make the case for investing in commodities, one of the most frequently cited selling points is that they provide a source of non-correlated returns for traditional portfolios. Unfortunately, that claim doesn’t stand up to scrutiny. Given that commodities actually have had an exceptionally high correlation with stocks — as well as a ... Read More

Trade Navigator: Thursday, May 9

The Trade Navigator provides you with daily technical insight into almost 200 instruments ranging from FX to equities, commodities and bonds.